Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Identify an option which says "Management is a profession".

Options:

Restricted entry

Based on creativity and practice

Based on experimentation

Systematic body of knowledge

Correct Answer:

Systematic body of knowledge

Explanation:

The correct answer is option (4) : Systematic body of knowledge.

*Restricted entry: The entry to a profession is restricted through an examination or through acquiring an educational degree. There is no restriction on anyone being designated or appointed as manager in any business enterprise. Anyone can be called a manager irrespective of the educational qualifications possessed. On this basis management cannot called profession.

* Based on creativity and practice- This is a feature of art.

* Based on experimentation- This is a feature of science.

* Systematic body of knowledge- This a feature of profession on which management also hold true. All professions are based on a well-defined body of knowledge that can be acquired through instruction. There is marked growth in management as a discipline. It is based on a systematic body of knowledge comprising well-defined principles based on a variety of business situations. This knowledge can be acquired at different colleges and professional institutes and through a number of books and journals. Thus, on this basis we can called management as profession.